Discover and read the best of Twitter Threads about #SaltLakeCity

Most recents (22)

NEW: Over 100 unionized @Starbucks locations launched a one-day strike Thursday, Nov. 17, to demand that the company engage in good faith union negotiations & address understaffing at locations across the country.

See the full story here:…

#Thread 🧵…
Members of @SBWorkersUnited, the national union representing @Starbucks employees, organized the strike for Nov. 17 to coincide with the company’s annual “Red Cup Day” promotion, a major revenue booster for the coffee chain. ↕️…
Participating in the #RedCupRebellion, striking workers on the picket line in #SaltLakeCity told Unicorn Riot that they launched the strike not only in solidarity with other locations but in response to first-hand experience with unfair working conditions & anti-union activity.🧵 ImageImageImage
Read 10 tweets
2100 S in Sugar House is a street reconstruction. It is thus a Complete Streets Ordinance mandate that @slcmoves @stretchtraffic add bike lanes to the street. Their survey was disingenous in that it gave 'Do Nothing' as an option. This muddles the issue. #saltlakecity 1/
@slcmoves @stretchtraffic Some residents that answered 'do nothing' (same as Leave as is) will be confused if bike lanes are added as required by SLC Code. Unfortunately, @slcmayor and @slcmoves have shown that they don't understand and won't follow their own law. See 100 S for example.
@slcmoves @stretchtraffic @slcmayor SLC continues to have this offensive language on their website: "A common misconception of the City’s Complete Streets Ordinance (and complete streets in general) is that it requires bike lanes to be included in every street the City builds or reconstructs."
Read 12 tweets
Results from our survey of #FixAndFlip investors are in. The fix-and-flip market is clearly cracking: higher rates have shrunk the # of buyers + the # feasible deals. Buyers are also cautious about overpaying given falling prices (cutting into flipper margins).

#Atlanta flipper: “Much higher risk environment due to rising rates. Sellers still have not reset expectations from earlier this year, so acquisitions have essentially come to a halt.” (2/19)
#Baltimore flipper: “The market for fix and flip has turned. It is now a buyer's market and there are a lot of investors competing for the same property. I have put in several offers on a few properties that have good potential but have not been able to get the contract.” (3/19)
Read 19 tweets
May homebuilder survey results published last week. Top themes: 1) Builder metrics quickly deteriorating across the board. 2) Price cuts on standing ‘speculative’ inventory accelerating. 3) Buyer incentives are back. Market commentary to follow…
#Austin builder: “Some parts of town where finished homes are now taking a month to sell versus hours. Market is definitely correcting. Incentives are back and seeing some builders cutting prices on inventory.”
#Baltimore builder: “Customers now mentioning potential reduction in prices and/or increase in incentives.”
Read 23 tweets
April homebuilder survey results are here. Top themes: 1) Demand is slowing, namely entry-level due to payment shock. 2) Investors are pulling back. 3) Ripple effect of rising rates starting to hit move-up market. Market commentary to follow…
#Dallas builder: “Interest lists are shrinking or buyers are truly pausing.”
#Houston builder: “Many first-time buyers simply no longer qualify with the increase in interest rates, as their debt-to-income ratio gets out of whack.”
Read 29 tweets
We @JBREC just surveyed 400+ flippers about #fixandflip conditions in partnership with Flatiron Realty Capital and @SundaeHQ.
Key takeaway: There is a TON of competition for deals right now.
#LasVegas flipper: “Market is oversaturated with inexperienced investors due to an increase of “gurus.” Supply is low, demand is high, and prices are inflated 20%+ over ARV. Not sustainable.”
#Phoenix flipper: “Phoenix is a very active market with home prices on the rise. The competition is aggressive.”
Read 21 tweets
Some new data & market commentary on who's buying land from our 3Q-2021 land broker survey. Build-for-rent operators snapping up 15% of raw land in #Florida & outbidding home builders on deals across many markets. Couple charts & market commentary to follow...
Here's the chart where we asked land brokers if they've observed build-for-rent operators outbidding home builders on land deals in their market. 46% said 'yes' when we rolled it up nationally, and as high as 77% in the Southeast.
#Phoenix land broker: “A lot of speculators in the build-for-rent space that are tying properties up & going through entitlement process, then flipping the property for an increased price. Equity requirements for the build-for-rent projects are getting larger.”
Read 12 tweets
Just published September home builder survey results (sales, prices, costs, communities, etc.). Big themes: 1) Supply chain, supply chain, supply chain. 2) Monthly price hikes no longer the norm. 3) Some of the hottest markets sounding toppy. Market commentary to follow…
#Austin builder: “No end in sight for labor & material issues. Told by logistics guy last week that his company believes it will take at least a year to get the supply chain back to working.”
#Austin builder: “Availability of windows has limited closings this year & availability of appliances has caused closings to slide to a later month. Availability of paint is stressing Q4 closings & causing even more bunching toward late in the year.”
Read 36 tweets
Companies tied to housing revising guidance due to supply chain. Commentary from our builder survey this month indicates things getting worse before they get better. Homes sitting, waiting for materials (dead days). Big delays in windows. Delta outbreaks. In sum, a crapshoot. 🧵
#Nashville builder: “It's a crap shoot. Some municipalities will issue permits in 1 week, & others are 6-9 months behind. Supply chain is a mess. Windows are now 7 months out, cabinets are 6 months out, etc.”
#Chicago builder: “Build cycle increased due to backordered materials including bathtubs, appliances, & ceramic tile. Trades are much more limited in availability & now have some ‘dead days’ with no activity.”
Read 25 tweets
Land is the most important yet least transparent part of homebuilding. To help, here’s commentary from land brokers across the country per our July survey. Top themes: 1) Builders going further out for deals. 2) Bigger land deals are back. 3) Development delays & lot shortages.
#SaltLakeCity land broker: “You can't get all the lots you need even when you overpay.”
#SanAntonio land broker: “Getting a vaccine approved took less time than getting land entitled.”
Read 17 tweets
Analyzing June new home sales & pricing figures from our monthly builder survey. As one builder noted: “It’s not fun to be a builder anymore.” Lumber relief is nice but pick your poison on other issues. Market commentary from across the country to follow...
#Richmond builder: “It's not fun to be a builder anymore. Cost pressure is killing us. Not only will builders like myself who take 12-24 months to build a house lose margin from increases, but the affordability is becoming a major issue.”
#Atlanta builder: “Costs have driven up prices & we’re no longer preselling. We will not sell a home until frame stage, so our sales numbers are off for June while awaiting framing stage.”
Read 26 tweets
Here's a housing🧵to chew on over weekend. Mid-June update from 100+home builders across country. 1) rumblings of price ceiling. 2) slightly shrinking pool of qualified buyers. 3) some home releases not selling out immediately. 4) normal summer slowing as vacations take priority.
#Austin builder: “Some interest lists are shrinking & others are not. Seeing buyers who are no longer able or willing to afford the monthly payment. Definitely seeing attrition here. Frustration that prices continued going up without an opportunity to purchase.”
#Dallas builder: “Interest lists are definitely shrinking because of pricing. Some drop off is happening due to price. But the re-sale market is still so tight it hasn’t dropped substantially. Extremely concerned about pricing going forward.”
Read 31 tweets
New home sales fell in May, Y/Y & M/M. Theme of the month was sales decline by builder design. Few comments on demand slowing or skittish buyers, even w/new home prices +18% Y/Y nationally (survey record). Builder commentary from across the country per our survey to follow...
#Nashville builder: “Gapped out. Sales resume in June as new communities & phases start to open. By moving ability to contract on inventory homes later to finished drywall stage (window installation stage previously), expect sales to show continued decline. Decline by design.”
#Charlotte builder: “Paused sales from mid-May to mid-June in all communities & will selectively release homes for sale in the last 2 weeks of June & coming months. Sales look lower vs. last month but was capped due to limited lot availability & no inventory.”
Read 28 tweets
Here's May mid-month home builder channel check I hinted at earlier. Builders are pushing prices w/little pushback, though some starting. Some builders are using price escalators & highest/best offer. Many limiting pre-sales, shifting to spec, & pricing home later in build cycle.
#Dallas builder: “Not selling build jobs in May, starting specs only, and not selling until drywall. Costs are too out of control for us to take the inflation risk on build jobs. So sales are way down.”
#SanAntonio builder: “Only selling specs at Sheetrock stage. Last month, it was frame stage.”
Read 28 tweets
Some interesting housing color from mid-April around the country home builder channel check. Bunch of market commentary to follow...will try to hit most top markets.
#SaltLakeCity home builder mid-April color: “Still have 10x buyers to available homes to buy. Went to 'highest/ best' offer system March 1st & offers over asking price are shocking. Most offers are 10+% over ask, that's after raised base prices $10K to $20K+ with each release.”
#Austin home builder mid-April color: “Super high demand. Volume controlled with release process, otherwise would be unbearable. Some price increases are $100K between releases.”
Read 28 tweets
Queeeee creen que me acaba de pasar?

Me subí a un @uber y haciéndole plática al conductor me dijo que es de Nueva York, vive en las montañas de #SaltLakeCity en un caserón y le dije que si manejar le daba para comprar eso?!

Y me responde...
“No, es que estudié música en @BerkleeCollege, me fui luego a Los Angeles y formé un banda de rock he hice mucho dinero!”


Cómo se llama la banda?, le pregunto...

- Reo Speedwagon @kcreospeedwagon

- Y qué hace conduciendo un Uber???

- Es que no estamos de tour por el momento y no tengo mucho qué hacer...

Y qué me pongo a cantarle “I can’t fight this feeling” 🎶 🎵

Se bota de la risa y me dice que recuerdo la letra mejor que el.

Llegamos al destino y le pido foto 📸
Read 8 tweets
Ya estamos en Salt Lake City, Utah, listos para llevar a ustedes la cobertura del #VPDebate 

📺 @NTelevisa_com @Foro_TV
Este es el Kingsbury Hall, donde el #VPDebate entre @VP Mike Pence y @KamalaHarris, moderado por @SusanPage, tendrá lugar esta noche a las 8 pm tiempo México.
El #VPDebate empieza a las 8 pm (Mx)

Durará hora y media

9 segmentos de 10 min y cada candidato tendrá 2 mins para responder

4 mts. de separación entre moderadora, candidata y VP.

Habrá paneles protectores transparentes para Harris y moderadora pero Pence rechazó para él
Read 19 tweets
Rep. #PhilLyman could FACE ARREST as he continues to defy #US attorneys

He is ignoring an order to hand over tax returns, a federal judge has ordered him to appear in court where U.S. marshals will be waiting to arrest him if necessary

He led a 2014 protest of about 50 ATV riders down #RecaptureCanyon near #Blanding, which the Bureau of Land Management closed to motorized traffic.

A federal court convicted Lyman of a misdemeanor in 2015 and ordered him to pay $95,955.61 in damages.

He spent 10 days in jail
Lyman is currently making $100 payments each month. In October 2019, the court ordered him to turn over tax returns from 2017 to 2019 by May 1, 2020, determine his financial situation. That deadline came and went, as well as an extension, without the documents being turned over
Read 3 tweets
A Police Officer Who ORDERED HIS DOG TO ATTACK A Black Man Has Been Charged With Assault

#SaltLakeCity Police Officer #NickolasPearce faces one count of aggravated assault, a second-degree felony, in connection with the April 24, 2020

#MOG… via @skbaer
He told him, "Get on the ground or you're going to get bit”

Ryans is then seen kneeling down and holding on to the fence with his right hand...

"I’m on the ground, I’m on the ground. Why are you biting me," Ryans says as Pearce continues to order the dog to "hit" him

Ryans was transported to a hospital to receive treatment for the dog bites, according to the documents. His injuries REQUIRED SURGERY and resulted in the "PROLONGED LOSS OF USE" of his left leg, as well as other complications and scarring, the documents said

Pearce was suspended
Read 3 tweets
*loads Twitter to see what’s happening in the US*
Read 39 tweets
Over the weekend, Sinclair stations across the country promoted "news" stories about the Trump campaign selling new Keep America Great hats.
The story includes important information like "Donald Trump's re-election campaign has rolled out new hats as the President aims for another four-year term in 2020" and "The hat, which is made in the United States, costs $25.00."
At least one station, @KUTV2News in #SaltLakeCity, linked directly to the Trump Campaign's online store.
Read 6 tweets

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